Traders Flush Update: Still a significant probability (40-50% chance) the red and yellow lines are flushed before tomorrow. The exchange usually flushes before US Futures open today or at 3am EST on Sunday night. Smart play is to keep limit longs open at the blue lines. Costs nothing to open Limit Orders. Learn to use them over Market Orders. They can be closed if we confirm a higher low.
Alternative probability remains that we tested all the 50% pullbacks and maxpains (thick yellow lines) so that could be a bottom (40-50% chance). We are also entering the 6-17 Sept zone which has been bullish every month this year.
Traders should be prepared for either scenario. Spot bags capture appreciation, Limit Longs waiting for potential exchange flush before move up following global liquidity.
IMO: Dont use high leverage in the range.
IMO: No red or yellow line ever survives.
62.54K
474
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.